NEW: Inflation slows, but hasn't STOPPED

Inflation still above Fed's target ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Consumer price inflation is at the lowest level in nearly two years. Inflation is slowing, but it hasn't stopped. The CPI was up 0.4% in April. Now, that's a sizable increase from last month (just 0.1%) but it means that inflation year-over-year is just 4.9%. That's actually down from March. The last time it was this low was April 2021. Why does this matter? Obviously, slower growth in inflation indicates the Fed may let up on interest rate hikes. While actually lowering the rates has been all but ruled out... The Fed has given us some reasons to believe it is done actually increasing rates. Quite a few times we've seen investors overreact to news like this... A lot of people are very invested in the idea that the Fed is about to lower interest rates, but I don't see it happening. I also wouldn't be too sure about the Fed being done with rate hikes... Keep in mind the Fed's inflation target is 2%. We're at 4.9% - and that's the best the USA has done in a while. We have a long way to go... and the interest rate hikes may continue until the CPI improves. Keep Moving, Corey Snyder Publisher, Rogue Investing P.S. The Tech Reckoning is upon us. Self-made millionaire trader Jeff Bishop went live earlier this week to explain how one "trigger" could be the key to witnessing hundreds of triple-digit wins as the market reels from this chaos. [Click here to watch the broadcast.]( WORD ON THE STREET Inflation Slows, Icahn Drops, SoftBank Loses BIG - Better Than Expectations - Markets are slightly up going into this morning after the CPI report for April showed inflation slowing. Monthly CPI was in line with expectations while annual inflation was a bit lower than analysts estimates' of 5%. - Federal Investigation Sends IEP Plunging - Ichan Enterprises LP Common Stock (IEP) was down more than 15% during the trading day. A disclosure showed federal officials are seeking more information regarding its corporate governance. The archetypical corporate raider's firm is under the microscope - A Record Loss For Vision Fund - SoftBank's Vision Fund lost $32 billion in the fiscal year ending March 31. This is about a year after founder Masayoshi Son said the firm would go into "defense" mode. Geez, I'd hate to see what happens if they started taking risks. - Disney Earnings In Line With Expectations - Disney (DIS) fell both during the trading day and in after-hours, despite earnings and revenue matching expectations. The company also reported that its streaming losses narrowed. HOT SPOTS: What's Going on in Geopolitics - Trump Says YOLO On Debt - President Donald Trump said that Republicans should demand "massive cuts," and otherwise "you're gonna have to do a default." CNN's reporter challenged him, saying that he had urged negotiating when he was president. What changed? "Now I'm not president," Trump said, drawing laughter. - Turkey Goes To The Polls This Weekend - The authoritarian rule of Recep Tayyip Erdogan will go to the polls on Sunday, with 20 years of the ruling AK Party. Some opponents fear that Erdogan could dismiss elections altogether in the future if he wins again. Yet Erdogan still has a real following, especially among voters happy he repealed restrictions on religious garb. - Argentina Facing Bankruptcy - Argentina spent all its liquid international reserves and another $1 billion on top of that. Inflation is currently at 104% as the country faces fiscal ruin. CUTTING EDGE: What[']( Happening In Tech - Paper Claims Other Papers Are Fakes - According to a preprint reviewed by Science, a third of studies published in neuroscience journals and almost a quarter of those in medical journals are made up. The pressure on scientists to "publish or perish" ensures they write too much rather rather than making sure their facts are straight. - Unity Surges On Revenue Beat – U was up more than 10.5% in after-hours trading. The company beat revenue expectations by $20 million and posted a positive forecast for the rest of the year. - Google Has New Large Language Model - Google is stepping up its competition with OpenAI by unveiling PaLM 2. It will power "Bard," the company's direct competitor to ChatGPT. PaLM 2 is now available to developers and boasts increased support for debugging FOR YOUR CONSIDERATION --------------------------------------------------------------- "The biggest loser in CNN’s town hall last night may have been Governor Ron DeSantis."Disney stock was down big yesterday - but that may not be enough for Governor Ron DeSantis. Big Mouse is public enemy #1 for Donald Trump's most dangerous GOP challenger. But if he can't crush Disney, will he even run? [DeSantis Run May Depend On Disney]( Enjoying Dawn Report? Learn something, made some money? SHARE YOUR STORY WITH US OR TELL US HOW TO SERVE YOU BETTER. Let us know at info@rogueinvesting.com You’re receiving this email because you're signed up for alerts from Dawn Report. Make sure to keep them coming by [whitelisting Rogue Investing](. The information in this email is intended for informational purposes only and does not guarantee specific results as there is a high degree of risk involved with trading. 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